Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Apartment, Development

50-Unit Apartment Building Planned for Cambie & King Edward Corner

A rezoning application has been filed for an 11,066 SF site at the Southwest corner of Cambie and King Edward; a site that had been orphaned from the adjacent development by Dava Development, “Parc 26” now under construction and nearly sold out. The proposed plan for 512 West King Edward Avenue is for a 6-storey residential building that includes:

  • 50 secured market rental units;
  • a building height of 67.75 ft
  • a density of 3.0 FSR;
  • 37 vehicle parking spaces and 71 bicycle spaces.

The application is being considered under the Cambie Corridor Plan and the Secured Market Rental Housing Policy.

512 West King Edward 512 West King Edward_1 512 West King Edward_2The architect for the project is Arno Matis Architecture.

February 10, 2016by david.taylor@colliers.com
Development, Office

Construction Update: 510 Seymour

Here is a construction update on Serracan Properties‘ latest office building project at the southeast corner of Seymour St. and West Pender St. in Downtown Vancouver.

510 Seymour will be 82,000 square feet and 10-storeys tall. Upon completion, the majority of the building will be occupied by Adler University and shoes.com.

UQpCqMCourtesy mcminsen http://po.st/eCGhJv via @imageshack

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Courtesy mcminsen http://po.st/zpoCdk via @imageshack

February 10, 2016by david.taylor@colliers.com
Apartment, Development, Office, Retail

Mixed-Use Building Proposed for Victoria Drive Site

A development application has been made for a 4,850 SF C-2 zoned site on the Northeast corner of East 36th Avenue and Victoria Drive in East Vancouver. The plan the site at 5195 Victoria Drive is for a 4-storey mixed-use project containing:

  • retail and office uses on the main floor
  • 10 residential units (4 one-bedrooms and 6 two-bedrooms)
  • a total density of 2.41 FSR (11,626 SF)
  • 9 underground parking spaces

5195 Victoria 5195 Victoria_2The architect for the project is Cornerstone Architecture.

February 9, 2016by david.taylor@colliers.com
Development

Townhouses Proposed for Mount Pleasant Site

Mondevo Projects has applied to develop an RM-4N zoned site at 321 East 16th Avenue in the Mount Pleasant area of East Vancouver. The plan calls for a 3-storey stacked townhouse development on the site which is an assembly of three lots, one lot in from the Northeast corner of Sophia Street. An existing townhouse project is located next door. Details include:

  • 20 units
  • 9 three bedroom units, 2 two bedrooms and 9 one bedroom units on the ground
  • Total density of 1.45 FSR
  • 17,660 SF buildable
  • one level of underground parking

The project’s design, which includes outdoor stroller lockers, is intended to target young families.

321 E 16th

February 4, 2016by david.taylor@colliers.com
Development, Market Research

Market Spotlight: District of North Van Development Activity

The District of North Vancouver held a council workshop earlier this week during which an update was provided on development activity in the five town centre and village centre areas.

While rezoning applications do exist outside the town centre and village centre areas, the District of North Van has sought to concentrate development growth in these areas.

A summary of this update is provided below:

Lions Gate Village

DNV Feb 2016 Edgemont Village

DNV Feb 2016_1

Lynn Valley Town Centre

DNV Feb 2016_2Lynn Creek (formerly Lower Lynn)

DNV Feb 2016_3Maplewood

DNV Feb 2016_4

February 3, 2016by david.taylor@colliers.com
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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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16 Apr

First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

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16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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